MTD vs. PHMIX
MTD (Mettler-Toledo International Inc.) is a stock, while PHMIX (PIMCO High Yield Municipal Bond Fund) is High Yield Muni fund managed by PIMCO. Over the past 10 years, MTD returned 12.40%/yr vs 3.62%/yr for PHMIX. At a 0.01 correlation, their price movements are largely independent.
Performance
MTD vs. PHMIX - Performance Comparison
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Returns By Period
In the year-to-date period, MTD achieves a -16.51% return, which is significantly lower than PHMIX's 2.67% return. Over the past 10 years, MTD has outperformed PHMIX with an annualized return of 12.40%, while PHMIX has yielded a comparatively lower 3.62% annualized return.
MTD
- 1D
- 1.68%
- 1M
- 5.53%
- YTD
- -16.51%
- 6M
- -17.58%
- 1Y
- 0.88%
- 3Y*
- -3.32%
- 5Y*
- -3.01%
- 10Y*
- 12.40%
PHMIX
- 1D
- 0.12%
- 1M
- 1.96%
- YTD
- 2.67%
- 6M
- 3.21%
- 1Y
- 7.80%
- 3Y*
- 6.01%
- 5Y*
- 1.54%
- 10Y*
- 3.62%
MTD vs. PHMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTD Mettler-Toledo International Inc. | -16.51% | 13.93% | 0.88% | -16.08% | -14.83% | 48.92% | 43.67% | 40.26% | -8.71% | 48.01% |
PHMIX PIMCO High Yield Municipal Bond Fund | 2.67% | 5.00% | 5.33% | 8.97% | -13.90% | 5.51% | 6.21% | 10.77% | 2.28% | 9.83% |
Correlation
The correlation between MTD and PHMIX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2006 | 0.01 |
Over the past year, MTD and PHMIX have become more correlated (0.26) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
MTD vs. PHMIX — Risk / Return Rank
MTD
PHMIX
MTD vs. PHMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mettler-Toledo International Inc. (MTD) and PIMCO High Yield Municipal Bond Fund (PHMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MTD | PHMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.53 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 2.68 | -2.65 |
| Martin ratioReturn relative to average drawdown | 0.07 | 9.13 | -9.06 |
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Drawdowns
MTD vs. PHMIX - Drawdown Comparison
The maximum MTD drawdown since its inception was -61.43%, which is greater than PHMIX's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for MTD and PHMIX.
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Drawdown Indicators
| MTD | PHMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.43% | -35.54% | -25.89% |
Max Drawdown (1Y)Largest decline over 1 year | -31.90% | -2.93% | -28.97% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -6.50% | -30.11% |
Max Drawdown (5Y)Largest decline over 5 years | -43.47% | -18.96% | -24.51% |
Max Drawdown (10Y)Largest decline over 10 years | -43.47% | -18.96% | -24.51% |
Current DrawdownCurrent decline from peak | -31.63% | 0.00% | -31.63% |
Average DrawdownAverage peak-to-trough decline | -13.70% | -4.95% | -8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.95% | 0.86% | +11.09% |
Volatility
MTD vs. PHMIX - Volatility Comparison
Mettler-Toledo International Inc. (MTD) has a higher volatility of 8.81% compared to PIMCO High Yield Municipal Bond Fund (PHMIX) at 0.88%. This indicates that MTD's price experiences larger fluctuations and is considered to be riskier than PHMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTD | PHMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.81% | 0.88% | +7.93% |
Volatility (6M)Calculated over the trailing 6-month period | 26.22% | 2.54% | +23.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.09% | 3.42% | +28.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.18% | 4.88% | +27.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.81% | 4.70% | +25.11% |
Dividends
MTD vs. PHMIX - Dividend Comparison
MTD has not paid dividends to shareholders, while PHMIX's dividend yield for the trailing twelve months is around 4.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTD Mettler-Toledo International Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PHMIX PIMCO High Yield Municipal Bond Fund | 4.56% | 5.91% | 5.33% | 4.71% | 3.39% | 3.84% | 3.62% | 4.38% | 4.41% | 4.22% | 4.12% | 4.46% |
Frequently Asked Questions
MTD and PHMIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTD has higher volatility (8.81%) compared to PHMIX (0.88%). In terms of maximum drawdown, MTD dropped -61.43% vs PHMIX's -35.54%.
PHMIX currently has the higher Sharpe Ratio (2.30 vs 0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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